Saint Felicitas

8400 South Blackstone Avenue Chicago, IL 60619

8400 South Blackstone Avenue, Chicago, IL, 60619
8400 South Blackstone Avenue, Chicago, IL, 60619
FOR SALE
Property Type:
Schools/Education
Amount:
$1,975,000
Last Verified:
Sep 26, 2024

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Highlights

  • 90,638 SF of buildings suitable for educational purposes
  • Ideal for a special purpose/school investor
  • Zoned RS-2 for potential adaptive reuse
  • Large complex with 5 separate buildings for versatility
  • Ample space for classrooms, offices, and facilities
  • Potential for expansion or redevelopment
  • Well-maintained property with modern amenities
  • High visibility and accessibility for students and staff
  • Proximity to amenities and public transportation
  • Diverse potential uses within the education sector
  • Strong investment opportunity with long-term potential

Description

Introducing a compelling opportunity for special purpose/school investors! This expansive campus comprised of 90,638 SF between 5 buildings with a parking lot and zoned RS-2, is now available in the sought-after Chicago area. Boasting ample space for a variety of potential uses, this property presents an ideal canvas for your vision. Whether repurposing existing space or reimagining the layout, this versatile property offers a prime setting for educational, institutional, or special purpose endeavors. With its attractive features and strategic location, seize the potential of this property to create a unique investment opportunity.

Nestled within the vibrant city of Chicago, the area surrounding the property is teeming with cultural, educational, and recreational opportunities. Minutes away from iconic institutions such as the Museum of Science and Industry, and the University of Chicago, the location offers rich learning experiences for students and staff. With easy access to diverse dining options, parks, and community resources, the area fosters a welcoming environment for a special purpose/school setting. Embrace the dynamic energy of this renowned city, as the property benefits from its proximity to notable landmarks and amenities, elevating the potential for an enriching and thriving educational experience.

Building Size: 90638sq ft
Lot Size: 2.07 acres


Documents

SVN - OM/Proposal/BOV (L)

Map of 8400 South Blackstone Avenue, Chicago, IL, 60619

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.